Apple Inc.’s stock, which performed well in 2023, is starting 2024 with challenges that raise concerns about its valuation for investors. The company has shifted into a slow-growth phase, experiencing a lack of year-over-year revenue growth in the past four quarters, primarily relying on its iPhone business, which faces innovation stagnation, affecting consumer device upgrades …
Cap table management startup Carta has found itself dealing with a recent public relations crisis over the past couple of days. This is not Carta’s first public scandal, but this new incident has stirred more attention due to its direct impact on the company’s customers. Here’s what happened: According to Carta, one sales employee …
Last week, Artifact, a noteworthy news app developed by Instagram’s co-founders, announced its closure due to challenges in achieving critical mass. Despite positive feedback from its core audience and its strategic use of AI for recommendations, news summarization, and clickbait rewriting, along with a sleek and modern design, the app faced unexpected setbacks. New data …
The European Commission has sent requests for information (RFI) to 17 platforms subject to algorithmic transparency regulations under the bloc’s Digital Services Act (DSA), it said today. These asks are specifically in relation to requirements that platforms provide data access to researchers investigating systemic risks in the European Union. The list of so-called very large …
EU Amplifies Focus on Major Platforms Regarding Data Access for Risk Research Read More »
Solana Mobile is making waves after unveiling its second web3 phone, named “Chapter 2,” this week. While its initial handset, Saga, experienced a gradual surge in sales that eventually led to a complete sellout in the U.S. and European Union, the Chapter 2 is witnessing a significantly faster depletion. The demand for Chapter 2 …
It’s challenging to envision a repetition of the remarkable year the chip and technology sector experienced in 2023, but both financial and technology analyst groups almost universally agree that 2024 is poised to be just as impressive. Driven by the increasing demand for computing power, especially with the surge of AI, chip companies are …
Close to a dozen copyright infringement cases were filed against various AI companies in 2023, but one particular lawsuit stands out for its potential wide-reaching implications. The New York Times filed a copyright infringement case against privately held OpenAI and its partner/investor Microsoft Corp. in late December 2023. This lawsuit has the potential to …
This Lawsuit Against AI Companies Might Revolutionize Copyright Cases Read More »
Apple Inc. is set to disband a 121-person artificial intelligence (AI) team in San Diego, putting numerous employees at risk of termination, according to insiders. The group, known as Data Operations Annotations, has been informed that they may relocate to Austin and merge with the Texas segment of the team. Employees have until the end …
In a recent regulatory filing unveiled on Thursday, Hertz made a significant announcement regarding its electric vehicle (EV) strategy. The car rental giant now plans to sell approximately one-third of its global fleet, totaling around 20,000 electric vehicles. This shift marks a departure from Hertz’s initial ambition to have a quarter of its fleet comprised …
What prompts Hertz to sell its electric vehicles? Read More »
In October (2023), cyber-criminals targeted the British Library, encrypting its data and demanding a ransom. Months later, the library remains offline, underscoring the persistent threat of ransomware attacks. These attacks not only impact businesses but also pose a growing threat to national security, affecting critical infrastructure such as schools, hospitals, and power utilities. Western countries now …
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